New Brazilian Thermal-Electric Plant to Use Carbon Capture Technology

Electricity in Brazil As announced by the Brazilian Development Bank (BNDES) on Thursday, May 21, the project for construction of the Pecém Port thermal-electric power plant, in the city of São Gonçalo do Amarante, Ceará, in the Brazilian Northeast, was granted financing of 1.4 billion Brazilian reais (US$ 690 million) by the BNDES.

The concession of credit is equivalent to 45.51% of total investment of 3.4 billion. The work should generate 1,500 jobs in the period and construction is part of the Growth Acceleration Program (PAC). The period for payment is 17 years.

The BNDES funds should be granted to the Society for the Specific Purpose of Pecém Port Electric Generation, established by MPX, which includes EBX, belonging to Eike Batista, and EDP Energy Brazil, controlled by the Portuguese EDP- Energias de Portugal.

The new plant should start operating in 2012. It should have a capacity for generation of 720 megawatts (MW) of energy. The project also counts on financial investment by the Inter-American Development Bank (IDB), equivalent to 1 billion reais (US$ 490 million).

According to information disclosed by the BNDES, the new thermal electric mill should adopt technologies for clean production, using coal as a fuel, with the objective of reducing environmental impact and emission of polluting gas.

According to a press statement by MPX, the company also plans to turn "a significant share of investment to the development of carbon capture technologies".

The technology is being developed by MPX and EDP Energies Brazil in partnership with Energo, from Ceará, and the Seambiotic Institute, of Israel. The plan is for the gas generated to be turned to a tank, where it will serve as food for micro algae. The project is a pioneer project in Brazil.

MPX informed, through its press department, that projects for social development of communities residing in the area surrounding the mill should be promoted, as should plans for environmental protection and preservation in the region.

ABr

Tags:

You May Also Like

No Clove, No Cinnamon

By JohnM “The King of Portugal had given the region, with its savages and ...

International Passengers Arriving in Brazil Up 8%

The Brazilian Airport Infrastructure Company (Infraero) recorded 560,000 passengers who arrived in Brazil on ...

1 Million Gypsies Want Brazil to Make Room for Them and Their Culture

The Association for the Preservation of Gypsy Culture estimates that there are around one ...

English for Brazucas

Of the kitchen appliances, one is—or used to be—more popular in Brazil than in ...

Brazil and South Korea Promote UN Events on Non-Proliferation

Brazil and South Korea kicked off on Tuesday, November 25, two United Nations disarmament ...

Brazil’s Shameful National Team

None of Brazil’s star players took part at the recent Copa America. These part-time ...

Brazilian Leather Exports Grow Over 20% Reaching US$ 1.82 Billion

From January to October, Brazilian exports of leather amounted to US$ 1.82 billion, a ...

A sample of a United States visa

US Visa Becomes a Little Easier for Brazilian Applicants

The United States is making the life of Brazilians willing to travel to that ...

Brazil Lula’s Good Heart: 40,000 Public Jobs, Dole to 9 Million Families

Clientelism, a patron-client relationship that rests on personal loyalties and quid pro quo between ...

Brazil’s Laundry List of Grievances Against the US

US Secretary of the Treasury Henry Paulson received a long list of complaints during ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`